$15,000 monetary jurisdiction for each cause of action in the complaint. You may not split your casue of action to go above the $15,000 limit. Geographic jurisdiction is limited to the 5 west towns of Suffolk County: Babylon, Huntington, Smithtown, Islip, Brookhaven.
The form cannot be filed electronically.
Arbitrations usually involve one or more hearings before the tribunal, where the parties' lawyers put forward arguments and question the other party's witnesses and experts. Hearings can last from half a day to many weeks or even months depending on the issues at stake.
After the opening statement, the claimants present evidence, that is, the details of their case. For example, they present witnesses and introduce any relevant documents. If the arbitrators did not swear a witness in at the beginning of a hearing, they will administer the oath before that person testifies.
Success is in the simplicity: The most persuasive closing briefs focus on the key issues and are written in a clear and succinct style. Outline a concise factual background and then move to a discussion of the issues at the heart of the case. Arguments should flow easily from the relevant facts and applicable law.
Section 29A(4) of the Arbitration Act provides that if the award is not issued within the specified period of 12 months or a further extended period of six months, then the mandate of the arbitrator(s) would be terminated subject to further extension by the Civil Court or the relevant High Court (“HC”).
Arbitration is similar to going to court, but faster, cheaper and less complex than litigation. If the case settles, an arbitration will last around one year. If the case goes to hearing, an arbitration typically takes 16 months.
Most of institutional rules do not specify the limitation period for the commencement of arbitration. Generally no time limits are specified under LCIA Rules, ICC Rules, LMAA Terms.